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Turkey is unlikely to sign off on Sweden’s bid for Nato membership before the end of the year, and the chances of this happening even before elections due next year are slim, according to officials familiar with the issue. Sweden has not done enough to meet Turkish demands and the Turkish parliament’s agenda is full for the rest of the ...

Bulgarian lawmakers approved the first military aid shipments to Ukraine since Russia invaded its neighbor in February, ending months of resistance from Russia-friendly political parties and the nation’s president. The Balkan country, which has close cultural and economic ties with Russia, was one of only two Nato and European Union members to provide no weaponry to Ukraine so far in ...

Former Pakistan premier Imran Khan underwent surgery to remove bullet fragments after he was shot in the leg at a rally in eastern Punjab province. He is in stable condition. Khan blames Prime Minister Shehbaz Sharif and others in his administration for the attack, according Asad Umar, a senior leader of his Pakistan Tehreek-e-Insaf party. Khan spoke to two senior ...

Stocks and bonds fall as Jerome Powell’s warning that the Federal Reserve would raise interest rates more than previously anticipated sapped risk appetite. The dollar gained. Futures on the S&P 500 fall 1% in the wake of Wednesday’s 2.5% drop. The selloff spread to Europe and Asia, where China’s affirmation of its Covid-Zero stance dashed hopes of a reopening. Lumen ...

India’s most valuable startup, online-education giant Byju’s, is finalising plans for a $1 billion initial public offering (IPO) of its tutoring business Aakash Educational Services. The company is in talks with at least four foreign banks — JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley — as well as Indian banks including Kotak Mahindra Bank. ...

The Swiss National Bank (SNB) reported a loss of 142.4 billion francs ($143 billion) for the first nine months as turmoil in global currency markets took a toll on the value of its foreign-exchange portfolio. The central bank’s foreign-currency positions resulted in a loss of 141 billion francs, and it also saw a valuation loss on its gold holdings and ...

European natural gas advanced again with traders focusing on weather forecasts, while outages at key facilities highlight the risk of potential winter shortages. Benchmark futures jumped as much as 10%, extending their rebound from losses earlier in the week, with temperatures dropping closer to seasonal levels after an unusually mild October. Some forecasts also point to colder-than-normal conditions in northwest ...

Adani Enterprises Ltd., the flagship firm for billionaire Gautam Adani’s conglomerate, posted an almost 117% rise in quarterly profit, giving it more firepower to boost investments in numerous new businesses it’s nurturing. The Ahmedabad-based company reported a net income of 4.6 billion rupees ($55.5 million) for the quarter ended Septmeber 30, it said in a filing on Thursday, compared to ...

Abu Dhabi / WAM   The United Arab Emirates has made significant improvements in developing and strengthening its occupational radiation protection infrastructure since the 2015’s Occupational Radiation Protection Appraisal Service (Orpas) visit to the UAE, according to the experts of the International Atomic Energy Agency (IAEA) who concluded a week-long follow-up review of the UAE’s radiation protection arrangements. At the UAE ...

Abu Dhabi / WAM   Mubadala Health, the integrated health network of Mubadala Investment Company, and Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, are exploring a potential joint venture to set up a long-term care and post-acute rehabilitation facility in Bahrain that will be operated by Amana Healthcare, a Mubadala Health Partner. The proposed ...